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Testing of the Latham company’s (Nasdaq: 5-kilowatt GenSys system will be done atthe college’ws Beuth House residence hall. The combined heat and powerd unit will convert natural gas into electricity and use less powerr offthe grid. The contract is valueed at $500,000, Plug Powe r officials said. National Grid will use the data collectedf in the trial to refinethe product. GenSye is manufactured through Plug’s continuous power division. A larger GenSyse generator designed for the telecommunications sectod is being testedin India, Andy the company’s CEO, said in a recent interview. That fuel cell operatesw on liquifiedpetroleum gas.
The pilot project was first announced inNovembedr 2008. At the time, National Grid hadn’r selected a customer for the Union college wants the system running before studentw return for thefall semester. It will requirer National Grid to install a pipe that will deliver natural gas to the fuel The trial also will be used toeducate youngsters, who will be able to see the technologu and use the data to analyze the system’s said Stanley Blazewicz, vice president of Global Technologgy for National Grid. Union collegre students will assist inthe process.
Plug has been developin g the residentialGenSys fuel-cell system for a It is expected to reduce home energyt costs by 20-40 percent, and reduce home carbon emissions by 35 percent. The partnership with Nationalo Grid will expeditethe product’s commercialization, Marsh He said the residential markeg is a growing one for energy-efficient technology. On Monday, Plug announcer a $1.5 million contract to provide 19 ofthe company’z GenDrive hydrogen-powered fuel cells to power a fleet of the Departmentg of Defense’s lift trucks. Plug has generatede commercial revenue from itscontinuoues power, motive power and back-u power products.
Of those products, its GenDrive motive-power units—usefd in fleets for heavy-duty lifting—are seeing the most said. Gerry Anderson, Plug’s senior vice presiden t and chieffinancial officer. He said the company has an order with India to supply the country with some of its largerGenSys units. He declined to elaborater on the agreement. The continuous-power units replace diesek generators.
The only one of the company’s products that has not generatedr revenue isGenSys Blue, the residential heating system bein g tested at Union
Sunday, April 3, 2011
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